Omnious sign in market?

[Jetsfan]

I agree Jeremy. Just wondering if there was a ridiculous reserve price.

[jsfriedm]

Originally Posted by Jetsfan

I agree Jeremy. Just wondering if there was a ridiculous reserve price.

Last I saw the 51 Bowman, it was in the low 60Ks, with buyer's premium. Centering was not good, but even so, I would expect that to be an 80K card, minimum.

[Rhotchkiss]

I didn’t even know SCP had an auction ending last night.

Looking now at some of the results, the following cards that I would have tracked did very well:

T206 Cobb bat off psa 6 ($37k- record)
1914 CJ Cobb psa 3 ($50k - record)
E92 Dockman Wagner throwing PSA 4 ($9k - record)

So it appears that some cards did great, some flopped, and surely some did as expected. I don’t think any broad conclusions can be drawn

[sreader3]

A major asset bubble is bursting. We saw this in 2007-10.

Good news: If you bought two years or more ago you will be fine.

[Johnny630]

Vintage Centered non-oddball Cobb, Ruth, Jackie, Mantle, and May's higher grades are in no way shape, or form in a bubble. Going Up.

Lower grade and oddballs yup they could be in a bubble.

I’m sorry but I’ll say it again ⬆️

[raulus]

Originally Posted by Johnny630

Vintage Centered non-oddball Cobb, Ruth, Jackie, Mantle, and May's higher grades are in no way shape, or form in a bubble. Going Up.

Lower grade and oddballs yup they could be in a bubble.

If the 53T Mays PSA 8 closing tonight with Memory Lane is representative, then it’s definitely way up. Even if it closed at the current price, it would be nearly 7x higher than the last sale price (admittedly pre-pandemic).

And it could still go a lot higher, particularly because Memory Lane leaves their auctions open practically all night.

[Lorewalker]

Originally Posted by raulus

If the 53T Mays PSA 8 closing tonight with Memory Lane is representative, then it’s definitely way up. Even if it closed at the current price, it would be nearly 7x higher than the last sale price (admittedly pre-pandemic).

And it could still go a lot higher, particularly because Memory Lane leaves their auctions open practically all night.

Never have bid with them but been told by many that their auctions usually go until 9AM the next day. Seems fishy since there are some incredible offerings auction after auction in other venues and those never have gone past 1 or 2AM.

[sreader3]

In the 2000s prices for generic T206 PSA 6 commons rose steadily from $100 to $200. Then prices went crazy around 2006 and doubled to $400 by late 2007. Pop goes the bubble. Prices sank back to about $200 by 2009. But they never went back to $100.

I expect something similar to happen this time, except due to inflation the floor is probably $300.

[Eric72]

Originally Posted by Rhotchkiss

...it appears that some cards did great, some flopped, and surely some did as expected. I don’t think any broad conclusions can be drawn

Spot on!